regulation measures -- disclosure and fines for unsuitable advice -- reduce commission payments and improve advice. None of the …. Furthermore, with disclosure, conflicts of interest are enlarged, offsetting the potentially restraining effects of disclosure …

This paper investigates disclosure by testing if the game theoretic predictions of unravelling theory are borne out in …). Contrary to theoretical predictions, we find that disclosure decreases linearly with TripAdvisor ratings. We find the same … pattern of disclosure occurs when consumers know the information provider has information to disclose, and when they do not …